# GraniteShares 3x Long Spotify Daily ETP (LPO3)

**Page:** https://fundology.uk/fund/lpo3 · ISIN XS2435549261

## At a glance

> Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.

As of 10/11/2026, LPO3 (GraniteShares 3x Long Spotify Daily ETP, ISIN XS2435549261) closed at £1.96 on the London Stock Exchange. Over the year to 10/11/2026 its total return was −57.0%, or −58.5% after UK CPIH inflation.

## Summary

GraniteShares 3x Long Spotify Daily ETP is an exchange-traded product from GraniteShares, launched in 2022. It aims to deliver a multiple, or the opposite, of one day’s move in what it tracks. The multiple resets daily, so over longer periods its return can differ a lot from the multiple of the index return. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

> **Leveraged & inverse:** Built for short-term trading. Because the multiple resets every day, losses can build up quickly when held for longer, even if the index ends up where it started.

Latest close: **£1.96** (10/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | LPO3 |
| ISIN | XS2435549261 |
| Also listed as | 3LPO (London Stock Exchange, US dollars) |
| Category | Leveraged & inverse |
| Type | ETN / ETP |
| Provider | GraniteShares |
| Tracks | Solactive Daily Leveraged 3x long Spotify Index - Benchmark TR Net |
| Income | Accumulating |
| Fund size | £1.0m |
| Launched | 2022 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 04/02/2022 |

## Past returns (periods to 10/11/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | -57.02% | -58.54% | income reinvested |

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

## Charges & eligibility

- Stocks and shares ISA eligible: usually (check with your platform)
- SIPP eligible: usually (check with your provider)
- ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify.

## Questions people ask

**What does LPO3 track?**

LPO3 tracks the Solactive Daily Leveraged 3x long Spotify Index.

**Is LPO3 accumulating or distributing?**

LPO3 is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

**What is the ISIN of LPO3?**

The ISIN of LPO3 is XS2435549261. An ISIN identifies one exact share class of a fund; LPO3 is its ticker on the London Stock Exchange. The same share class is also listed as 3LPO (London Stock Exchange, US dollars).

**How has LPO3 done after inflation?**

Over the year to 10/11/2026 LPO3’s total return was −57.0%, or −58.5% after UK CPIH inflation. Past performance is not a guide to future returns.

---

We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments.

Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.